Gas prices tumble boosting timid hopes across the nation
Gasoline prices have fallen sharply with regular averaging 2.86 a gallon, down 30 percent from July, amid hopes of a stimulus boost. Polls show fears over jobs and debts persist as households and businesses spend cautiously while oil nears 66 a barrel and analysts forecast further drops.
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Economists urge infrastructure focus for next stimulus
Economists say a new stimulus should target public works and bridges to spur jobs and growth. They warn the economy may face a lengthy downturn with high unemployment if the plan relies only on rebate checks. Federal Reserve leaders support a broader package, with Pelosi and others backing at least 300 billion dollars, while the White House signals openness to action.
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World leaders circle Washington for economy summit
World leaders will meet in Washington on November 15 to discuss the financial crisis, its causes, and the global response. The first in a series of summits will bring together major economies and invite input from the next U.S. president. Working groups will propose recommendations for future meetings.
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